Trader Eugene stated that ETH and SOL have entered oversold territory and he has begun adding to his long positions.

Odaily Planet Daily reports that trader Eugene stated on the X platform that the market has fallen back to what he considers oversold territory, and therefore he has increased his long positions in ETH and SOL. He stated that the market "pendulum has swung to a sufficiently extreme position," which is his reason for re-increasing his market beta exposure.